Buyers and sellers expectations are high and the only person they can take it out on is their agent. Seller wants to sell at top dollar while buyer wants to lowball all offers. Our job is to find the acceptable middle for them. Seller's last words to me, after signing the second counter offer, was "I'm not happy with the price". The trouble with this is it is just where I thought it should be, for the condition of the house and what the market in his neighborhood shows closed sales to be. I told him what his price range will be, low end xxx high end xxx and it sold in the middle.
When I called the selling agent I said my seller wasn't happy and he said his buyer said the same thing to him. They weren't happy because they wanted to get it at the bottom of the price range.
Don't we all want a bargin for our buyers and to make the most for our sellers but that isn't possible. Some one has to give and take or we will never get a closed sale. I am glad my client finally saw the advantage of making this deal and I know he will be glad when all is said and done.
On The Water in Mission Viejo, CA
Where else can you live on a lake, in one of the safest cities, unreal view in every direction and have unbelievable weather. All the fun activities such as swimming, fishing and boating right outside your back door. Lakefront living at it’s best.
Available right now are 14 condos in Mallorca with price ranging from $299,000, as a short sale with 1,400 sq ft. up to $849,000 with square footage of 1800. This is highly upgraded and a beautiful lake front property, with views from every room.
Now let’s talk about the cream of the crop, Tres Vista a privately gated community, with a private beach and docking. There are 2 properties on the market that are lakefront, 1 that isn’t on the water front and they range in size from 4,000 sq ft to over 5,500. Pricing is from $1,295,000 up to $2,350,000
Lake Mission Viejo is a private lake, open to members only. It has 2 beaches open to all members and several private beaches in the different communities around the lake.
Here is the web site to check out all the summer fun!
Buyers want a deal, so they go looking for a short sale or bank owned and then they get their pockets picked. The banks are thinking up every way that they can extort money from the buyers.
1) "AS IS" Buyers are responsable for anything that is wrong with the house.$$$$
2) Pay $$$ on the second mortgage that the seller isn't able to pay because the banks won't release it. $$$$
3) Pick up any closing close the bank doesn't want to pay $$$$
4) Pay off the debt to HOA if there is one and most transfer fees for the sellers side. $$$$
5) Now put more down, have better credit and bend over while ?????
I have always enjoyed working with buyers, finding them their dream home, working though all the ups and downs of the transaction, teaching them how things get done and feeling good because I helped them. I didn't enjoy the last 2 short sales because the buyers ended up with so many extra costs that had nothing to do with our side of the transaction but they wanted the house.
Today I am looking for listings to do because I feel so bad for what the buyers are having to go though. They didn't get the banks or the sellers into this mess but they are paying the price. IT ISN'T fair. I know life isn't fair.
There I'm done whining.
This is a ranting post! If you don't want to read it, just pass over my post!
Trying to close a short sale with BofA and buyers are getting their loan from BofA. I want to scream! The short sale was doing pretty good, only 6 weeks to approval! That was what I expected. Now for getting the buyers loan from them has been a nightmare! Both sides of the transaction have jumped though hoops and the underwriter has had the file for 2 weeks. they keep coming up with new papers that they want, we get it for them it goes back to underwriting and they want something else. This has happened 6 times, count them 6 times!!
The short sale negotiator says no more extensions! They both work for the same bank just TALK to each other and we could solve this. The house will be foreclosed on, if this doesn't make it though escrow and close.
As Karen Fidder said in her post about banks and short sales "THEY JUST DON'T CARE" and they should.
On The Water in Mission Viejo, CA
Where else can you live on a lake, in one of the safest cities, unreal view in every direction and have unbelievable weather. All the fun activities such as swimming, fishing and boating right outside your back door. Lakefront living at it's best.
Available right now are 10 condos in Mallorca with price ranging from $346,000 with 1,400 sq ft up to $624,000 with square footage of 1800 which has a full lake view from all living areas.
Now let's talk about the cream of the crop, Tres Vista a privately gated community. There are 3 properties on the market that are lakefront, one that isn't on the water front and they range in size from 4,000 sq ft to over 5,500.
Lake Mission Viejo is a private lake, open to members only. It has 2 beaches open to all members and several private beaches in the different communities around the lake.
Here is the web site to check out all the summer fun!
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Serving Rancho Santa Margarita, Mission Viejo, Lake Forest, Laguna Hills and surrounding community for more than 35 years. I specialize in first time buyers, families and retirees.
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